ParkOhio Completes Sale of Aluminum Products Business

CLEVELAND, OHIO–(BUSINESS WIRE)–Park-Ohio Holdings Corp. (NASDAQ: PKOH) (the “Company”) today announced that it has successfully completed the divestiture of its Aluminum Products business (the “divested business”) to Angstrom Automotive Group (the “Buyer”), effective December 29, 2023, for approximately $50 million in cash and promissory notes, plus the assumption of approximately $3 million of finance lease obligations by the Buyer. The Company previously announced that the divested busines

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